Common use of Calculations and Determinations Clause in Contracts

Calculations and Determinations. All calculations under the Loan Documents of interest and of fees shall be made on the basis of actual days elapsed (including the first day but excluding the last) and a year of 360 days. Unless otherwise expressly provided herein or unless Bank One otherwise consents all financial statements and reports furnished to Bank One hereunder shall be prepared and all financial computations and determinations pursuant hereto shall be made in accordance with GAAP.

Appears in 2 contracts

Samples: Credit Agreement (Cameron Ashley Building Products Inc), Credit Agreement (Cameron Ashley Building Products Inc)

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Calculations and Determinations. All calculations under pursuant to the Loan Documents of interest fees and of fees interest shall be made on the basis of actual days elapsed (including the first day but excluding the last) and a year of 360 days. Unless otherwise expressly provided herein or unless Bank One Lender otherwise consents in writing, all financial statements Financial Statements and reports to be furnished to Bank One hereunder Lender under the Loan Documents shall be prepared and all financial computations and determinations made pursuant hereto to the Loan Documents, and with respect to the Financial Statements, shall be made in accordance with GAAP.

Appears in 2 contracts

Samples: Advancing Term Credit Agreement (BPI Energy Holdings, Inc.), Advancing Term Credit Agreement (Westside Energy Corp)

Calculations and Determinations. All calculations under pursuant to the Loan Documents of interest fees and of fees interest shall be made on the basis of actual days elapsed (including the first day but excluding the last) and a year of 360 365 days. Unless otherwise expressly provided herein or unless Bank One Lender otherwise consents in writing, all financial statements and reports to be furnished to Bank One hereunder Lender under the Loan Documents shall be prepared and all financial computations and determinations made pursuant hereto to the Loan Documents, and with respect to the financial statements, shall be made in accordance with GAAP.

Appears in 2 contracts

Samples: Credit Agreement (Mallon Resources Corp), Credit Agreement (Black Hills Corp /Sd/)

Calculations and Determinations. All calculations under pursuant to the Loan Documents of interest fees and of fees interest shall be made on the basis of actual days elapsed (including the first day but excluding the last) and a year of 360 365 days. Unless otherwise expressly provided herein or unless Bank One the Lender otherwise consents in writing, all financial statements and reports to be furnished to Bank One hereunder the Lender under the Loan Documents shall be prepared and all financial computations and determinations made pursuant hereto to the Loan Documents, and with respect to the financial statements, shall be made in accordance with GAAP.

Appears in 1 contract

Samples: Credit Agreement (Benz Energy LTD /Can/)

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Calculations and Determinations. All calculations under pursuant to the Loan Documents of interest fees and of fees interest shall be made on the basis of actual days elapsed (including the first day but excluding the last) and a year of 360 365 or 366 days, as the case may be. Unless otherwise expressly provided herein or unless Bank One Lender otherwise consents in writing, all financial statements and reports to be furnished to Bank One hereunder Lender under the Loan Documents shall be prepared and all financial computations and determinations made pursuant hereto to the Loan Documents, and with respect to the financial statements, shall be made in accordance with GAAP.

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

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